Big data company Guavus has raised an additional $9m after a round led by new investors Goldman Sachs. It has also revelaed that the APAC region is top of its list of global targets.
Translink Capital, an Asian VC firm, joined the round, adding to a long list of investors including Investor Growth Capital, QuestMark Partners, Artiman Ventures, Sofinnova Ventures and Intel Capital.
The company received $30m in January to further develop its core data analytics products and scale its operations. It then announced the buyout of Neuralitic along with a partnership with Teradata. The company will continue with this aggressive growth strategy, with a patricular focus on APAC.
“Guavus has shown tremendous growth and innovation with carriers,” said Toshi Otani, MD of TransLink Capital. “With 40 per cent of the world’s mobile data traffic due to be carried over Asia-based networks by 2016 we expect APAC to be a strong market for Guavus. We are excited to support Guavus’ global expansion by leveraging our resources in the APAC region.”
See our feature on Guavus here.